Indofin acquires IHC Merwede

Indofin has acquired the majority stake by partially taking out each of its co-shareholders.

Cees de Bruin, chairman, Indofin, said: “We have already been a shareholder of this great company for eight years and we are in full support of the current direction that continues to pay off. We only choose to invest in companies with potential for long term growth and are convinced of the healthy future that lies ahead for IHC Merwede.”

Govert Hamers, president, IHC Merwede, added: “Indofin is a strategic investor that has a clear long-term vision. With this new shareholder structure, IHC Merwede has more clout to strengthen its position in both the historic dredging and offshore markets, as well as in the relatively new renewable energy and wet mining markets.”

Although Rabo Capital has reduced its stake, Sipko Schat, a member of the management board of Rabobank Nederland explained the company will stay involved in IHC Merwede as a shareholder and a lender.